Asian Economic News

Singapore Retail Sales On Tap For Wednesday

Singapore is on Wednesday scheduled to release March figures for retail sales, highlighting a busy day for Asia-Pacific economic activity.

Retail sales are expected to dip 3.4 percent on month and 2.7 percent on year after rising 3.6 percent on month and falling 2.7 percent in February.

Indonesia will see current account figures for the first quarter of 2013. In the previous three months, the current account deficit was $7.76 billion, while the financial account surplus was $11.39 billion and the capital account surplus was $22 million.

South Korea will provide unemployment data for April, with forecasts suggesting that the rate will hold steady at 3.2 percent.

Japan will announce March numbers for tertiary industry plus April data for consumer confidence. The tertiary industry index is expected to fall 0.7 percent on month following the 1.1 percent increase in February. The consumer confidence index is expected to show a score of 45.5, up from 44.8 in March.

Australia will release Q1 numbers for wage costs and April figures for new motor vehicle sales. Wage costs are expected to add 0.8 percent on quarter and 3.3 percent on year after rising 0.8 percent on quarter and 3.4 percent on year in the previous three months. New motor vehicle sales were down 0.6 percent on month and up 4.5 percent on year in March.

by RTTNews Staff Writer

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